Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 504,464 shares of the industrial products company’s stock after buying an additional 7,000 shares during the period. Swiss National Bank owned about 0.33% of Stanley Black & Decker worth $68,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Destination Wealth Management increased its stake in shares of Stanley Black & Decker by 319.1% in the first quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Stanley Black & Decker in the first quarter worth $27,000. Proficio Capital Partners LLC increased its stake in shares of Stanley Black & Decker by 370.5% in the fourth quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Rational Advisors LLC increased its stake in shares of Stanley Black & Decker by 4,116.7% in the first quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 247 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of Stanley Black & Decker by 412.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.

Shares of Stanley Black & Decker stock traded up $1.35 during trading on Wednesday, hitting $143.05. The stock had a trading volume of 922,500 shares, compared to its average volume of 1,295,612. The company has a fifty day simple moving average of $137.49. The firm has a market capitalization of $21.47 billion, a PE ratio of 17.55, a PEG ratio of 1.87 and a beta of 1.31. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.43 and a current ratio of 0.91. Stanley Black & Decker, Inc. has a 12 month low of $106.41 and a 12 month high of $155.22.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.32. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.30 billion. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.39 EPS. Analysts forecast that Stanley Black & Decker, Inc. will post 8.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio is presently 32.39%.

A number of analysts have recently issued reports on the stock. Longbow Research raised shares of Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, March 22nd. Morgan Stanley increased their price objective on shares of Stanley Black & Decker from $149.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Barclays increased their price objective on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Wells Fargo & Co upped their target price on shares of Stanley Black & Decker from $148.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $157.35.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $136.94, for a total transaction of $136,940.00. Following the transaction, the senior vice president now owns 38,356 shares of the company’s stock, valued at approximately $5,252,470.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey D. Ansell sold 9,549 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $145.01, for a total transaction of $1,384,700.49. Following the transaction, the executive vice president now directly owns 42,213 shares in the company, valued at approximately $6,121,307.13. The disclosure for this sale can be found here. Insiders sold a total of 116,816 shares of company stock worth $17,122,550 in the last ninety days. 1.03% of the stock is currently owned by insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

See Also: Dividend

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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